Borden Chemical to Capture Waste Steam to Generate
Electricity;
NYSERDA Study and Funding Projects $100,000 Annual Savings
For immediate release Contact: Ray Hull, NYSERDA 518-862-1090
David Segal, Borden: 518-792-8040
South Glens Falls, Oct. 1–Borden Chemical, Inc. announced
today that it will install a combined heat and power (CHP) system
to capture waste process steam, and use it to generate an estimated
$100,000 worth of electricity per year. The New York State Energy
Research and Development Authority (NYSERDA) will share the $506,000
engineering and equipment installation costs with Borden, and today
joined the facility's management to announce and describe the system's
benefits.
The CHP system will help Borden control electricity costs, and reduce
its peak electric load demands on the utility grid. This will level
the plant's utility costs by minimizing electric demand charges. The
CHP system will allow Borden to become more energy self-sufficient
and at the same time contribute to the stability of the state's grid
system during times of high power demand.
"NYSERDA funding will help Borden be more energy efficient,
independent, and lower their electric utility costs. These cost cuts
mean lower production costs, improved competitive position in the
commodity chemical market, and help keep jobs here in the Upper Hudson
region," said NYSERD@ President William M. Flynn.
"Our facility opened in 1998 and runs 24 hours a day. We have
been venting about 7,500 pounds of steam per hour to the atmosphere
as waste heat. With NYSERDA's help, this CHP system includes a 451
kW generator to generate about 3,100 MWH annually. The system should
cut our power bills by about 17%, and makes us more competitive,"
said David Segal, plant manager.
The electricity produced by this system is also pollution-free, and
will displace electricity that might otherwise be generated by fossil-fueled,
commercial generating plants that create pollution and contribute
to acid rain.
" Improving energy efficiency, while protecting our environment,
and solidifying our economic base, are goals that Governor Pataki
has set for NYSERDA; this project meets each of those goals very well,"
Flynn noted.
Town of Moreau Supervisor, Harry Gutheil said: "It is exciting
and great news for Borden Chemical, an industry in our Moreau Industrial
Park, to receive this NYSERDA funding. This project helps make Borden
more competitive, and secures these 14 jobs in our community."
The plant produces formaldehyde solutions used in industrial resins
and chemical intermediates.
Since 1998, NYSERDA has funded more than $4.6 million in projects
in Saratoga County, including development of the Saratoga Technology
+ Energy Park, the nation's first technology park dedicated to energy
technology companies and the development of energy-efficiency products.
Detailed information may be seen at www.nyserda.org.
NYSERDA, a public-benefit corporation, helps develop new energy and
environmental programs and products, including the New York Energy
$martSM program. NYSERDA's funding comes from the State's
investor-owned utilities, a voluntary contribution from the New York
Power Authority, Long Island Power Authority and limited NYSERDA funds.
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